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Updated over 7 years ago on . Most recent reply

Mark Bascetta's profile image
Mark Bascetta's profile image
Mark Bascetta
  • Rental Property Investor
  • from New Britain, Connecticut
  • Member since Nov 19, 2016
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User Stats

27
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12
Votes
Mark Bascetta's profile image
Mark Bascetta's profile image
Mark Bascetta
  • Rental Property Investor
  • from New Britain, Connecticut
  • Member since Nov 19, 2016
Connect
Mark Bascetta
  • Rental Property Investor
  • New Britain, CT
12
Votes |
27
Posts
Starting Out

Advice for a Newbie and his first potential property

Mark Bascetta
  • Rental Property Investor
  • New Britain, CT
Posted

Hi I just put an offer on my first multifamily and am waiting for a response. I am interested in long term holding and passive income. I have a few related questions, this deal will be FHA, but do I do a 30 year loan to maximize cash flow or do I do a shorter loan to get it paid off quicker? Any other advice for a new guy will be appreciated as I dont have any experience and this is all new to me.

Thank you!

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